USD/JPY Weekly Outlook – ActionForex
USD/JPY’s steep decline and break of 156.10 support last week confirms that a short term top was at least formed at 159.44. Considering bearish divergence condition in D MACD, price actions from there should be correcting whole five-wave up trend from 139.87. Initial bias is now on the downside this week for 38.2% retracement of…